Summary
RMC No. 37-2011 revokes BIR Ruling No. DA-583-04 dated 15 November 2004 and explains what qualifies as a Special Purpose Vehicle under Section 2 (g) of RR No. 25-2003.
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Key points
- Ruling revoked. BIR Ruling No. DA-583-04 had exempted from Excise Tax the converted vehicle used by Rosehills Memorial Management Philippines, Inc. The ruling is declared erroneous.
- Special Purpose Vehicle test. A vehicle is an SPV only if, in its original state, it was designed and manufactured for a specific purpose and cannot be used for any other function.
- Result. The special vehicle converted from a 2004 Cadillac De Ville base car model is subject to Excise Tax.
Who is affected
- Rosehills Memorial Management Philippines, Inc.
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.